Centre Asset Management LLC continued to hold its position in shares of The Walt Disney Co. (NYSE:DIS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,378 shares of the entertainment giant’s stock at the end of the second quarter. The Walt Disney comprises 1.8% of Centre Asset Management LLC’s portfolio, making the stock its 24th largest position. Centre Asset Management LLC’s holdings in The Walt Disney were worth $10,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of The Walt Disney during the second quarter valued at about $103,000. Balentine LLC boosted its position in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock valued at $105,000 after buying an additional 845 shares during the period. Krilogy Financial LLC boosted its position in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock valued at $126,000 after buying an additional 61 shares during the period. Cordasco Financial Network boosted its position in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock valued at $147,000 after buying an additional 900 shares during the period. Finally, Opera Trading Capital purchased a new position in shares of The Walt Disney during the first quarter valued at about $158,000. 57.98% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

Shares of The Walt Disney Co. (NYSE:DIS) opened at 97.68 on Friday. The stock has a 50 day moving average of $92.78 and a 200-day moving average of $96.61. The company has a market capitalization of $156.98 billion, a PE ratio of 17.56 and a beta of 1.21. The Walt Disney Co. has a 12-month low of $86.25 and a 12-month high of $120.65.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by $0.06. The firm had revenue of $13.14 billion for the quarter, compared to analyst estimates of $13.71 billion. The Walt Disney had a net margin of 16.88% and a return on equity of 19.73%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 EPS. Analysts predict that The Walt Disney Co. will post $6.04 earnings per share for the current fiscal year.

DIS has been the subject of several research reports. Morgan Stanley reissued a “hold” rating on shares of The Walt Disney in a report on Sunday, July 17th. FBR & Co reissued a “hold” rating on shares of The Walt Disney in a report on Sunday, September 4th. Brean Capital reissued a “hold” rating on shares of The Walt Disney in a report on Thursday, October 27th. Credit Agricole SA reissued a “buy” rating and set a $108.00 price objective on shares of The Walt Disney in a report on Friday. Finally, Wells Fargo & Co. cut shares of The Walt Disney to a “hold” rating in a report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the stock. The Walt Disney currently has a consensus rating of “Hold” and an average target price of $108.38.

About The Walt Disney

The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

5 Day Chart for NYSE:DIS

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